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2014-04-28

CLSA: Three Catalysts Contribute to Rapid Increase in LED Penetration Rate

The LED lighting market has seen a boom in growth starting in the last half of 2013. Rapid growth is attributed to price drops, government policies, and rising cost in power usage, according to investment group CLSA. These three catalysts are anticipated to drive up LED lighting penetration rate from 20 percent in 2013 to 44 percent by 2016.
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